Is a second party investment a debt?
Is a second party investment a debt?
An agreement was signed between four people. In that agreement, we represented the first party. The second party has used the cheques of our company (sole proprietor) to file a cheque bounce case on u
1 year ago
A. Dear Sir,
The Magistrate Court not having powers of discharge as it is a summons case. If cheque bounce notice and cases file then you have to take such defence and ultimately it may be quashed if you go to High Court, since you have no liability to pay any amount.
Is a second party investment a debt?
An agreement was signed between four people. In that agreement, we represented the first party. And the second party invested a sum of 15 lakhs and clearly mentioned in the agreement that at anytime t
1 year ago
A. Dear Client
If a written agreement has been signed by all parties and notarized, it is considered a legally binding contract. The terms and conditions outlined in the agreement are enforceable, regardless of whether or not all parties followed them.In your case, the second party invested a sum of 15 lakhs with the expectation that they would receive a return on their investment, along with the investment amount. If the investment agreement stated that the investment would be repaid with a 10% s ...ReadMore
Money recovery
Sir mene kisi ko 2 saal pehle pese udhar diye the or usse ek signed blank chaque or revenue stamp liya tha lekin wo ab pese nhi lota rha he
1 year ago
A. Dear Sir,
You may fill in the blank cheque and bounce it then file cheque bounce case as follows:
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Cheque bounce FAQs Negotiable Instruments Act
1A. Amended Cheque Bounce Provisions- 143A & 148…what is it?
Ans: Section 143A- It empowers the Court to order the drawer of the cheque to pay Interim Compensation - 20% - Without depositing this amount the accused cannot defend the case.
Section 148 – It empowers the Appellate Cou ...ReadMore
Cheque Cheating Case
I borrowed 3 lakhs from a person and given 2 blank cheques, i paid 3 lakhs back now and he only one cheque given back, then second cheque now he filed a case by through his own jewellery shop bill of
1 year ago
A. It is an offence. File a suit in the court Under Section 138 of the negotiable instrument act. Tell the circumstances under which the cheque was signed and how the accused had misused it.
Cheque bounce
Sir mene cheque bounce case ki settlement kiya jisme mujhe har mahine installment pay karna hai 26 ko iss baar ki installment main 4-5 din baad pay kar paunga . Kya ek baar ye delay maaf ho jayega
1 year ago
A. Dear Client
The terms of your settlement agreement would determine whether a delay in making an installment payment is permissible or not. In most cases, settlement agreements are legally binding contracts, and they specify a set of terms and conditions that both parties must follow.
If your settlement agreement allows for a grace period or if there are no provisions in the agreement that specifically prohibit a one-time delay, then it may be possible for you to make the installment payment a f ...ReadMore
cheque bounce - A madam has given me 2lakhs
A madam has given me 2lakhs on 15th mar21 and ask to give me max returns near to 10% per month. i regularly given 25k every 15th from next month till jun22.again on 15th aug 21 she give me 5lakhs and
1 year ago
A. It is important to consult with a lawyer in your jurisdiction to get proper legal advice on how to proceed. Based on the information you provided, it appears that there is no written agreement specifying the terms of the loans and the interest rate, and there is no evidence that you have promised to pay the additional 7 lakhs. If this is the case, you may have a defense against the claim that you owe the additional amount.
It is also concerning that the lender has taken a post-dated cheque with ...ReadMore
Hand cash loan harresing
I'm srinivas working in Pvt company ..I took hand Cash loan with one money Leander...of 2.3laks ..past 2years I paid 8% interest every month ..due to lock down I'm broke everything I lost everything .
1 year ago
A. Dear Client
See you are on safe hand, firstly you have to see that is he registered as a money lender as per law or not if he is then you can bring this matter to the court. Secondly if he is not a registered as a money lender running his business illegally then you can compliant to the local police station and it would be better if you take help of an Advocate for framing a formal complaint.
Hope it helps.
Cheque bounce
I was involved in subcontract business activity with person where it was decided that both will invest 50% funds for contract and share profit. He is proprietor of company. when contract was awarded
1 year ago
A. Dear Sir,.
In the present scenario the Courts are not awarding double the amount of cheque face value. Further, Cheque bounce case traverse through 3 courts i.e., Magistrate, Appeal to Sessions Court and Revision to High Court. Thus u have to view the end result and time to be taken. It is better to go for settlement.
Accused didnt appear in the court
What if the accused didnt appear in the court even after non bailable warrant
1 year ago
A. Dear Client,
If the accused does not show up for the hearing, you can get an exparte order possibly in your favour.
cheque stop payment against investment to be done
a customer has invested a certain amount in fixed deposit through cheque in a credit society by signing the forms, etc. His membership number is generated and share certificate too. The customer has d
1 year ago
A. Hello Client,
Kindly go ahead and send a legal notice to the person and ask him to pay else you can file a case against him.
